A Little Brexit Panic Begins

It looks like the real possibility of Britain’s exit from the European Union is starting to create a little panic, especially in the London financial community.  Having all but ignored this up until a week before the election, it is about time that they reacted.  Some have argued that not much will immediately change as there will be a negotiating period for a new arrangement. But we all know that companies and markets will all move much more quickly than the negotiations. There is no doubt that UK stocks and the pound will fall dramatically and the City’s place as a premier international financial center will be diminished.  But beyond that, it’s anyone’s guess. It promises to be a wild ride.